Satellite ISP, Australian Private Networks (APN), may be dragged into a costly battle thanks to the failure of its sister company, Bill Express.
APN - which trades under Activ8me - and four other businesses belong to parent company, Technology Business Group, which is now in liquidation.
All the companies are linked with Bill Express through its parent company, OnQ.
Active8 was named as one of the regional satellite ISP for NBN Co early this month.
Bill Express was an electronics payment company with had a reach in a plethora of newsagencies, supermarkets and service stations across Australia. It collapsed in 2008 under a mountain of debt.
The Australian reported today Bill Express administrator, PPB, is looking to investigate whether the failed company’s creditors have the right to take action against APN owner, Sandro Di Donato, and claim the assets of the ISP.
Di Donato was also the director of Technology Business Group until action was taken against him by the Australian Securities and Investments Commission (ASIC).
PBB wants to determine whether it can recover funds from APN and Di Danato to give back to creditors of Bill Express and Technology Business Group